ChartMantra

BankNifty Intraday view for 18-10-2021

NSE:BANKNIFTY   Nifty Bank Index
Good evening all,

In my forthcoming week's view, I have indicated the index to reach 40,000 - 40,200. And it could do that if it needs to sustain the 39000 levels. Hence the Monday session is very important. It will define the week for us. Largely again, 39300 - 39000 looks like a range.

So;
Long side view:
LET US WAIT AND SEE
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Short side view:
Sell below 38775
Short Target 1 zone 38615 - 38570
TSL below this
Target 2 - 38490
Target 3 - 38375
(Short SL - 38900)

*** This is a view and not necessarily a trade recommendation ***
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